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Sinaloa Appliance, Incorporated, a private firm that manufactures home appliances, has hired you to estimate the company s beta. You have obtained the following equity

Sinaloa Appliance, Incorporated, a private firm that manufactures home appliances, has hired you to estimate the companys beta. You have obtained the following equity betas for publicly traded firms that also manufacture home appliances.
Firm Beta ($ millions)
Debt Market Value of Equity
iRobot 0.87 $ 0 $ 2,890
Middleby's 1.827417,370
National Presto 0.070772
Newell Brands 1.0211,90826,070
Whirlpool 1.724,48513,770
a. Estimate an asset beta for Sinaloa Appliance.

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